If You Thought Japan's Lost Decade Was Bad...

We just mentioned that
HSBC has a big, new report out on the "Greek Shoots, and Weak
Roots" of the global economy, arguing that while there were signs
of an economic rebound, the underpinnings of western growth were
not impressive, and were indeed Japan-like.

This table from the report is pretty remarkable.

If you look at this latest decade, the per capita rate
of growth in the Western world has been slower than Japan's per
capita growth during the infamous lost decade of the '90s.